Milk Substitutes (Nondairy Milk) Global Market By Source, By Product, By Distribution Channel, Competition, Opportunities And Forecasts, 2023-2032 | Hain Celestial Group, WhiteWave Foods, ADM, Nutriops S.L, Blue Diamond Growers.
As per the milk substitutes (non dairy milk) report by The Business Research Company, the increasing consumer's preference for vegan food is driving the milk substitute market. Consumers are increasingly becoming aware of animal abuse at dairy farms and are avoiding animal-based products. Vegan milk is cholesterol-free, rich in vitamin D and proteins and provides more calcium than animal milk.
The global milk substitutes (non dairy milk) market will grow from $30.03 billion in 2022 to $34.27 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global milk substitutes (non dairy milk) market is expected to grow to $58.6 billion in 2027 at a CAGR of 14.4%.
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Major competitors in the milk substitutes (non dairy milk) include Hain Celestial Group, WhiteWave Foods, ADM, Nutriops S.L and Blue Diamond Growers.
The milk substitutes (non dairy milk) is segmented -
• By Type: Soy Milk, Almond Milk, Rice Milk, Other Types
• By Application: Food, Beverages
• By Distribution Channel: Supermarkets, Hypermarkets, Convenience Stores, Specialty Stores, Online Retail Stores, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. North America was the largest region in the Milk substitutes (non dairy milk).
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The milk substitutes (non-dairy milk) market consists of sales of milk substitutes. This industry includes establishments that produce milk substitutes such as soy milk, almond milk, and rice milk.
The Table Of Content For The Milk Substitutes (non dairy milk) Include:
1. Executive Summary
2. Milk Substitutes (Non dairy milk) Market Characteristics
3. Milk Substitutes (Non dairy milk) Market Trends And Strategies
4. Milk Substitutes (Non dairy milk) Market - Macro Economic Scenario
5. Milk Substitutes (Non dairy milk) Market Size And Growth
26. Africa Milk Substitutes (Non dairy milk) Market
27. Milk Substitutes (Non dairy milk) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Milk Substitutes (Non dairy milk) Market
29. Milk Substitutes (Non dairy milk) Market Future Outlook and Potential Analysis
The "Global Milk Substitutes (non dairy milk) Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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